Crypto can’t beat gold as an inflation hedge, says Barrick boss “Look at gold and its precious nature - you can’t print it and you can’t make it,” Mark Bristow said. Bloomberg News | January 11, 2022 | 2:25 am
LME’s metal trading hit lowest since 2010 despite record prices Volumes declined for a third year, extending a slump seen in 2020 amid falling industrial output and the closure of its open-outcry pit. Bloomberg News | January 10, 2022 | 1:05 pm
France plans $1.1 billion to safeguard metals for EV batteries New report calls for spending on “strategic metals” supply that could include investment in mines. Bloomberg News | January 10, 2022 | 12:57 pm
Mali shuts borders, recalls ambassadors after regional sanctions Mali is Africa’s third-biggest gold producer and companies including Barrick and B2Gold have operations in the country. Bloomberg News | January 10, 2022 | 9:44 am
Energy transition is upside risk to ECB forecasts, Schnabel says The European Central Bank’s inflation forecasts may need to be revised upward because of the continent’s attempts to cut carbon emissions. Bloomberg News | January 8, 2022 | 5:35 pm
C-suite chaos at world’s top fertilizer company baffles investors Nutrien is in disarray after losing two chief executive officers in less than a year, and investors are still waiting for an explanation for the latest departure. Bloomberg News | January 7, 2022 | 10:44 am
Irish central bank added to gold reserves in November The Irish central bank added 78 million euros ($88 million) to its gold reserves in November. Bloomberg News | January 7, 2022 | 9:54 am
Czechs look to exit coal by 2033 despite calls to move faster Experts say new target might not be soon enough to keep global temperatures warming below 1.5 degrees Celsius above pre-industrial levels. Bloomberg News | January 7, 2022 | 6:54 am
Goldman bullish on commodities, seeing years-long supercycle “The best place to be right now, particularly given the Fed pivot, are commodities,” said Jeff Currie, the bank’s global head of commodities research. Bloomberg News | January 7, 2022 | 3:03 am
Bolsonaro throws 15-year lifeline to thermal coal in Brazil One of the biggest villains of climate change, coal, has won a reprieve from the Brazilian government. Bloomberg News | January 6, 2022 | 1:14 pm
BHP cuts more jobs at water-stressed Chilean copper mine The Cerro Colorado mine has cut 35 direct jobs, BHP said in a statement. Bloomberg News | January 6, 2022 | 10:02 am
Uranium price surges as unrest grips world’s top supplier Kazakhstan The Central Asian nation produces more than 40% of the world’s uranium. Bloomberg News | January 5, 2022 | 7:37 pm
